Fitch Ratings affirms Tunis Re's rating

Fitch Ratings has confirmed the "AA (tun)" financial strength rating of the Tunisian Reinsurance Company (Tunis Re) with stable outlook.

The rating agency's decision is driven by several key factors including the reinsurer's leading position in the local market, its adequate capitalization and its strong profitability. However, the company is exposed to a high risk related to domestic assets.

In 2022, Tunis Re has recorded a 16% increase in its turnover to reach 189.708 million TND (60.417 million USD).